1948: EUROPE'S POST WAR RECOVERY

In 1947, Europe faced severe challenges due to drought and coal shortages, leading to rationing and economic difficulties. Industries reduced production, and a shortage of dollars hindered overseas purchases. This situation led to a rise in black market activities as people struggled to obtain necessities. Despite these hardships, some regions, like Italy, experienced agricultural abundance, such as olive harvests.

What severe setback did Europe face in 1947?

How did the coal shortage affect factories in Europe?

Why did farmers lose confidence in the value of money?

What impact did the black market have on city dwellers in Europe?

What was happening on the sunny slopes of Italy during this period?